Cement News tagged under: Shree Cement
Shree Cement operates largest kiln in the world03 March 2020, Published under Cement NewsShree Cement has increased kiln capacity to 14,500tpd following improvements at its Ras Al Khaimah plant in the UAE, making it the world’s largest operational kiln. The kiln surpasses the previous record-holder, ACC’s Wadi II plant in Karnataka, India, by 2000tpd. Shree Cement’s current installed capacity is 41.9Mta. In 2018 the company acquired Union Cement with its Ras Al Khaimah plant. The production facility has four kiln lines, but only one is currently active. |
Shree Cement is closing in on 50Mta of cement production07 February 2020, Published under Cement NewsThis week it was announced that Shree Cement would enter the market of western India within the next six months . The company is preparing to open a new 2.5Mta grinding plant in Pune, Maharashtra with an investment of US$87.8m. The new plant will receive clinker from its plant in Kodla, Karnataka. Shree Cement has been expected to go on a growth path. As recently as November 2019 it raised more than US$278.36m through a qualified institutional placement (QIP) offering, which was underst... |
Shree Cement to enter western India within six months05 February 2020, Published under Cement NewsShree Cement will enter the market of western India within the next six months when it commissions its 2.5Mta grinding plant near Pune, Maharashtra, according to the Business Standard. "It will be our maiden entry into Maharashtra and cater to demand for the western part of the state," said H M Bangur, managing director. The plant represents an investment of INR6.25bn (US$87.8m). Since the facility does not have access to limestone reserves, it will receive clinker from a Shree unit in Ko... |
Shree Cement reportedly raising over INR20bn through QIP offering19 November 2019, Published under Cement NewsIndia’s Shree Cement Ltd is reportedly in an advanced stage of raising more than INR20bn (US$278.36m) through a qualified institutional placement (QIP) offering, according to the Mint. "The money will be used for capex and debt reduction. They have been meeting investors for this purpose and are targeting to close this fundraise within this quarter," said a source for the Mint. "They could raise anywhere between INR20-INR30bn depending on demand from investors." In October the company had ... |
Shree’s sustainable path04 November 2019, Published under Cement NewsIndia’s cement industry has introduced several initiatives to place it on a path towards more sustainable cement production. Shree Cement highlights the actions it has taken to integrate sustainability into its cement production process. By Dr Anil Kumar Trivedi, Shree Cement Ltd, India. As a signatory to the Cement Sustainability Initiative, Shree Cement has delivered on its promise to reduce its energy footprint by implementing leading industry practices and transferring kn... |
Shree Cement sees fivefold profit jump in 2QFY19-2022 October 2019, Published under Cement NewsIndian cement producer Shree Cement has seen its profit surge fivefold to INR3.133bn for the quarter ended 30 September 2019 (2QFY19-20). In the year-ago period, the company posted a consolidated net profit of INR637.7m, according to a company filing to the Bombay Stock Exchange. The consolidated total income of the company increased to INR30.308bn, up 4.3 per cent when compared with INR29.072bn in the 2QFY18-19. |
Shree Cement records 37% net profit increase16 August 2019, Published under Cement NewsIndia’s Shree Cement has reported a six per cent YoY increase in consolidated revenue for the quarter ending 30 June, rising to INR33.54bn (US$470.4m) from INR31.63bn. Net profit surged 36.8 per cent to INR3.82bn from INR2.79bn. The cement segment saw an 8.5 per cent rise in revenue to INR31.15bn, compared with INR28.69bn in the year-ago period. While cement sales volumes contracted 13 per cent to 6.1Mt, this was offset by higher prices. Standalone revenue recorded a modest decline of 2.4... |
Shree Cement awards Gebr Pfeiffer with new order08 August 2019, Published under Cement NewsIndia’s Shree Cement has awarded Gebr Pfeiffer with an order to equip its grinding plant in Pune, Maharashtra. The MVR 6000 C-6 mill can alternately produce 300tph of OPC at a fineness of 3100 cm²/g according to Blaine, PPC containing as much as 35 per cent of fly ash to a fineness of 3500cm²/g, or 180tph of GGBFS at a fineness of 4500cm²/g. The unit will be equipped with a 6700kW drive. A previous MVR 6000 C-6 mill order for Shree Cement Gebr Pfeiffer SE will supply the core co... |
Targeting digital innovation12 July 2019, Published under Cement NewsThis week, LafargeHolcim announced that it is launching its 'Plants of Tomorrow' project. The implementation of the Internet of Things (IoT) and smart technology is already having a big impact on the thinking of what can be achieved in the way of cost reductions and efficiency gains for the cement sector. Manufacturing companies have been quick to embrace cloud technology, although controlling the budget spend is often a challenge. Findings of a Nutanix Enterprise Cloud report recently s... |
Shree Cement commissions 2.5Mta of grinding capacity28 June 2019, Published under Cement NewsIndia’s Shree Cement has commenced commercial production at its new 2.5Mta grinding unit in Seraikela-Kharsawan district, Jharkhand. The fresh capacity is one of a number of new grinding projects that the company set out to commission by 2020. Last month, it also announced plans to add 3Mta of capacity to its unit in Pune . |